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HRS-WORKS

Active
Private limited companyfounded 2024active for 2 yearsAlphonse De Clercqlaan 32, 9050 Gent, BelgiumKBO/BCE: BE 1007.771.602
Summary

HRS-WORKS has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27,659 and a net result of €26,659. Its solvency ranks better than 46% of 1,249 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisFollow ReportCompare
HRS-WORKSActiveChecked score 65/100
Risk analysis ReportCompare

Overview

Activity
Construction of utility projects for electricity and telecommunications
NACE 42220
1 site
Size
≈ €150,000turnover 2025, estimated
Equity
€27,659
Profit
€26,659
Turnover estimated from the gross margin
Financial health
65 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.4%
Structure
2025 accounts on time
Why 65raises riskFounded in 2024Size: total assets €67,369Figures for financial year 2025 (filed 31-10-2025)lowers riskLiquidity: current ratio 1.70, cash €13,292Show the evidence

Checked score

Score 2025
65 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 59% of its sector peers (NACE 42, micro)
Every signal that counts is listed under Signals.
Financial strength
Strong
Solvency 66
equity 41.1% of total assets
Liquidity 44
short-term debt 58.9% · cash 19.7%
Profitability 100
return on assets 39.6%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.8% (1,866 companies, NACE 42, micro)
Last 24 months 04-2025: 1.8% 05-2025: 1.8%● unchanged vs 04-2025 06-2025: 1.8%● unchanged vs 05-2025 07-2025: 2.2%▲ +0.4 percentage points vs 06-2025 08-2025: 2.3%▲ +0.1 percentage points vs 07-2025 09-2025: 2.5%▲ +0.2 percentage points vs 08-2025highest value 10-2025: 2.5%● unchanged vs 09-2025highest value 11-2025: 0.9%▼ -1.6 percentage points vs 10-2025lowest value 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 0.9%● unchanged vs 05-2026 07-2026: 1.0%▲ +0.1 percentage points vs 06-2026 08-2026: 1.1%▲ +0.1 percentage points vs 07-2026 09-2026: 1.1%● unchanged vs 08-2026 10-2026: 1.4%▲ +0.3 percentage points vs 09-2026
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.7, above the usual 1.5; short-term debt: 58.9% and cash: 19.7% of total assets), but 58.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, micro): better than 47% on solvency, 38% on liquidity and 91% on profitability.

The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Liquidity: current ratio 1.70, cash €13,292
NBB · annual accounts
raises risk · Size: total assets €67,369
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Figures for financial year 2025 (filed 31-10-2025)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
on the day
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Capital & shares · MiscellaneousShareholding · Partner
  3. Capital & shares · Resignations &…Share transfer · Partner

Key points

  • One director decidessole director in office 1 View
  • Total assets 2025first financial year filed €67,369 View
  • Active since 2024founded 29-03-2024 2 years View

By topic

Financials

Financial year
2025
Total assets
€67,369
Profit
€26,659
Solvency
41.1%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Construction of utility projects for electricity and telecommunicationsNACE 42220
Founded
29-03-2024
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
9
Who signs
Each director alone
Annual meeting
Last Friday of September
Purpose
“Elektrotechnische installatiewerken aan gebouwen; De bouw van civieltechnische werken voor…” (deed in Dutch)
Go to Articles of association

Key facts about HRS-WORKS

What is the company number of HRS-WORKS?
1007.771.602. In Belgium the VAT number is the company number with BE in front: BE 1007.771.602.
Where is HRS-WORKS based?
The registered office is at Alphonse De Clercqlaan 32, 9050 Gent.Company details
What does HRS-WORKS do?
According to the KBO register, the main activity is construction of utility projects for electricity and telecommunications (NACE 42220).
What is the legal form of HRS-WORKS?
Private limited company (BV).
When was HRS-WORKS founded?
On 29-03-2024.
Is HRS-WORKS still active?
Yes, HRS-WORKS is an active enterprise in the KBO register.
What is the turnover of HRS-WORKS?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is HRS-WORKS profitable?
In financial year 2025, HRS-WORKS made a profit of €26,659.
Where can I find the annual accounts of HRS-WORKS?
HRS-WORKS filed 1 annual account with the National Bank of Belgium, for financial year 2025.

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